Rapid7, Inc. (NASDAQ:RPD) Receives $22.16 Consensus Target Price from Brokerages

Shares of Rapid7, Inc. (NASDAQ:RPD) have been given a consensus recommendation of “Hold” by the twenty-two brokerages that are currently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation, thirteen have given a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $21.4737.

A number of equities analysts have issued reports on RPD shares. UBS Group cut their price objective on shares of Rapid7 from $34.00 to $29.00 and set a “buy” rating on the stock in a report on Tuesday, October 21st. Berenberg Bank initiated coverage on shares of Rapid7 in a research report on Tuesday, November 18th. They set a “hold” rating and a $16.00 target price on the stock. DA Davidson reduced their target price on Rapid7 from $16.00 to $14.00 and set an “underperform” rating for the company in a report on Wednesday, November 5th. Piper Sandler dropped their price target on Rapid7 from $19.00 to $16.00 and set a “neutral” rating on the stock in a report on Monday. Finally, Jefferies Financial Group set a $18.00 target price on Rapid7 in a research report on Tuesday, December 16th.

Insiders Place Their Bets

In other news, CEO Corey E. Thomas bought 14,500 shares of the stock in a transaction on Monday, November 24th. The shares were purchased at an average cost of $13.82 per share, for a total transaction of $200,390.00. Following the completion of the purchase, the chief executive officer directly owned 595,066 shares in the company, valued at $8,223,812.12. This represents a 2.50% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Thomas E. Schodorf purchased 6,300 shares of the business’s stock in a transaction dated Wednesday, November 26th. The shares were purchased at an average price of $15.70 per share, with a total value of $98,910.00. Following the purchase, the director directly owned 34,440 shares in the company, valued at $540,708. This trade represents a 22.39% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders have purchased 67,345 shares of company stock valued at $1,025,202. Company insiders own 2.40% of the company’s stock.

Hedge Funds Weigh In On Rapid7

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Prudential Financial Inc. lifted its stake in shares of Rapid7 by 8.8% during the 2nd quarter. Prudential Financial Inc. now owns 8,513 shares of the technology company’s stock valued at $197,000 after buying an additional 690 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Rapid7 by 6.3% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 12,427 shares of the technology company’s stock worth $221,000 after acquiring an additional 732 shares during the period. CI Investments Inc. grew its position in shares of Rapid7 by 48.4% in the third quarter. CI Investments Inc. now owns 2,281 shares of the technology company’s stock valued at $43,000 after purchasing an additional 744 shares in the last quarter. Nordea Investment Management AB raised its stake in shares of Rapid7 by 1.0% during the 2nd quarter. Nordea Investment Management AB now owns 78,294 shares of the technology company’s stock valued at $1,808,000 after purchasing an additional 753 shares during the period. Finally, Teacher Retirement System of Texas lifted its holdings in Rapid7 by 1.6% during the 2nd quarter. Teacher Retirement System of Texas now owns 54,981 shares of the technology company’s stock worth $1,272,000 after purchasing an additional 890 shares in the last quarter. Institutional investors own 95.66% of the company’s stock.

Rapid7 Trading Down 2.6%

NASDAQ:RPD opened at $14.23 on Friday. Rapid7 has a one year low of $13.21 and a one year high of $40.42. The company has a market cap of $931.79 million, a PE ratio of 41.85 and a beta of 0.79. The company has a debt-to-equity ratio of 7.01, a current ratio of 1.19 and a quick ratio of 1.19. The firm has a 50-day moving average of $15.22 and a 200-day moving average of $18.80.

Rapid7 (NASDAQ:RPD) last issued its quarterly earnings data on Tuesday, November 4th. The technology company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.12. The firm had revenue of $217.96 million during the quarter, compared to analyst estimates of $216.14 million. Rapid7 had a return on equity of 67.30% and a net margin of 2.61%.The company’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.66 EPS. Rapid7 has set its FY 2025 guidance at 2.020-2.090 EPS and its Q4 2025 guidance at 0.370-0.44 EPS. As a group, equities research analysts expect that Rapid7 will post 0.35 EPS for the current fiscal year.

Rapid7 Company Profile

Rapid7, Inc is a publicly traded cybersecurity company headquartered in Boston, Massachusetts. Since its founding in 2000, the company has specialized in delivering cloud-based security data and analytics solutions designed to help organizations detect, investigate, and remediate cyber threats. Rapid7 operates under the NASDAQ symbol “RPD” and serves a broad range of industries, including technology, financial services, healthcare, retail, and the public sector.

The core of Rapid7’s offering is its Insight platform, a unified, cloud-native security operations and analytics suite.